Controlled Capital Account Liberalization : A Proposal

A Proposal

Controlled Capital Account Liberalization : A Proposal
In this paper, we develop a proposal for a controlled approach to capital account liberalization for economies experiencing large capital inflows. The proposal essentially involves securitizing a portion of capital inflows through closed-end mutual funds that issue shares in domestic currency, use the proceeds to purchase foreign exchange from... READ MORE...

Publication date: October 2005
ISBN 9781451975741
$15.00

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